conventional long form: Territorial Collectivity of Saint Pierre and Miquelon conventional short form: Saint Pierre and Miquelon local long form: Departement de Saint-Pierre et Miquelon local short form: Saint-Pierre et Miquelon etymology: Saint-Pierre is named after Saint PETER, the patron saint of fishermen; Miquelon may be a corruption of the Basque name Mikelon

none (territorial overseas collectivity of France); note - there are no first-order administrative divisions as defined by the US Government, but there are 2 communes at the second order - Saint Pierre, Miquelon

Independence:

none (territorial collectivity of France; has been under French control since 1763)

head of government: President of Territorial Council Stephane ARTANO (since 21 February 2007)

cabinet: Le Cabinet du Prefet elections/appointments: French president directly elected by absolute majority popular vote in 2 rounds if needed for a 5-year term (eligible for a second term); election last held on 6 May 2012 (next to be held in 2017); prefect appointed by French president on the advice of French Ministry of Interior

Legislative branch:

description: unicameral Territorial Council or Conseil Territorial (19 seats - 15 from Saint Pierre and 4 from Miquelon; members directly elected in single-seat constituencies by absolute majority vote to serve 6-year terms) note: Saint Pierre and Miquelon elect 1 member to the French Senate; elections last held on 28 September 2014 (next to be held not later than September 2017); results - percent of vote by party - NA; seats by party - AD 1 (affiliated with UMP); Saint Pierre and Miquelon also elects 1 member to the French National Assembly; elections last held on 17 June 2012 (next to be held by June 2017); results - percent of vote by party - NA; seats by party - Ensemble pour l'Avenir 1 (affiliated with PRG)

elections: elections last held on 18 March 2012 (next to be held in March 2018)

The inhabitants have traditionally earned their livelihood by fishing and by servicing fishing fleets operating off the coast of Newfoundland. The economy has been declining, however, because of disputes with Canada over fishing quotas and a steady decline in the number of ships stopping at Saint Pierre. In 1992, an arbitration panel awarded the islands an exclusive economic zone of 12,348 sq km to settle a longstanding territorial dispute with Canada, although it represents only 25% of what France had sought. France heavily subsidizes the islands to the great betterment of living standards. The government hopes an expansion of tourism will boost economic prospects. Fish farming, crab fishing, and agriculture are being developed to diversify the local economy. Recent test drilling for oil may pave the way for development of the energy sector. The inhabitants have traditionally earned their livelihood by fishing and by servicing fishing fleets operating off the coast of Newfoundland. The economy has been declining, however, because of disputes with Canada over fishing quotas and a steady decline in the number of ships stopping at Saint Pierre. In 1992, an arbitration panel awarded the islands an exclusive economic zone of 12,348 sq km to settle a longstanding territorial dispute with Canada, although it represents only 25% of what France had sought. France heavily subsidizes the islands to the great betterment of living standards. The government hopes an expansion of tourism will boost economic prospects. Fish farming, crab fishing, and agriculture are being developed to diversify the local economy. Recent test drilling for oil may pave the way for development of the energy sector.

GDP (purchasing power parity):

GDP (purchasing power parity): $215.3 million (2006 est.)

note: supplemented by annual payments from France of about $60 million GDP (purchasing power parity): $215.3 million (2006 est.) note: supplemented by annual payments from France of about $60 million